The Hall of Famers (10-8-2021)

From the desk of Steve Strazza @Sstrazza

Our Hall of Famers list is composed of the 100 largest US-based stocks.

These stocks range from the mega-cap growth behemoths like Apple and Microsoft -- with market caps in excess of $2T -- to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.

It’s got all the big names and more.

It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we’re developing a separate universe for that, and we’ll be sharing it with you soon.

So, The Hall of Famers is easy.

We simply take our list of 100 names and then apply our technical filters in a way that the strongest stocks with the most momentum rise to the top.

Let’s dive right in and check out what these big boys are up to.

Here's this week's list:

And here’s how we arrived at it:

• We filtered out any stocks that were below their May 10 highs, which is when new 52-week highs peaked for the S&P 500
• We sorted the remaining names by their proximity to new 52-week highs

We know these are some of the market’s biggest leaders. Considering most large-caps peaked in early May, those that have continued to grind higher are where the relative strength lies. And, as always, that’s exactly where we want to focus our attention.

Many of these names should look familiar to our clients, as we’re already long a number of the stocks on our list. See our Trade Ideas page for details.

Now, let’s discuss some new setups from this list of outperformers!